NYSE$BOH

Bank of Hawaii Corp · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Bank of Hawaii's financial performance improved with increased net interest income and noninterest income, alongside controlled expenses.

Bank of Hawaii Corporation reported diluted earnings per common share of $0.93 for Q3 2024, a decrease compared to $1.17 in the same period last year. Net income for the quarter was $40.4 million, down 15.8% from the same period last year. The return on average common equity was 11.50%.

  • Diluted earnings per common share were $0.93.
  • Total assets reached $23.8 billion, and total deposits were $21.0 billion at quarter end.
  • Net income amounted to $40.4 million.
  • Net interest margin stood at 2.18%.

Headline financials

Total Revenue

$163M

Previous: $171M-5.0%
EPS

$0.93

Previous: $1.17-20.5%
Efficiency Ratio

65.8%

Previous: 61.7%+6.7%
Tier 1 Capital Ratio

14.1%

No prior period
Capital Expenditures

-$12.5M

Previous: -$5.54M-125.5%
Free Cash Flow

$27.9M

Previous: $42.4M-34.2%
Net Income

$40.4M

Previous: $47.9M-15.8%
Operating Income

$17.4M

Previous: $52.6M-66.9%
Gross Profit

$160M

Previous: $169M-5.6%
Cash & Equivalents

$1.27B

Previous: $652M+95.1%
Total Assets

$23.8B

Previous: $23.5B+1.1%
Stock-Based Comp

$3.55M

Previous: $4.31M-17.7%

Revenue & EPS history

Bank of Hawaii · Revenue · Quarterly

$163M

Q3 2024-5%vs Q3 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Bank of Hawaii · $203M total across 3 segments · Q2 2023

  • Consumer Banking
    $132M
  • Commercial Banking
    $61.6M
  • Treasury & Other
    $9.61M

Forward guidance

This news release, and other statements made by the Company in connection with it may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.0%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+10.2%

Q3 2024

Best reaction

-6.4%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-3.8%-2.6%
Q4 2025+6.3%+5.6%+10.5%
Q3 2025+0.4%+1.6%+3.9%
Q2 2025-0.3%-2.0%+1.4%
Q1 2025-1.0%+1.4%+3.7%
Q4 2024+4.3%+4.8%-0.2%
Q3 2024+10.2%+9.6%+21.7%
Q2 2024+1.6%+2.7%-4.0%
Q1 2024-0.3%+0.4%-0.3%
Q4 2023-5.4%-5.0%-10.0%
Q3 2023+5.3%+6.3%+21.7%
Q2 2023+2.1%+6.4%-0.8%
Q1 2023-2.1%-0.8%-18.8%
Q4 2022-4.9%-3.7%-5.2%
Q3 2022-5.4%-0.3%+7.8%
Q2 2022+2.1%+4.1%+4.3%
Q1 2022-1.6%-4.3%-0.1%
Q4 2021+0.7%-2.1%-1.7%
Q3 2021+1.6%-2.3%+0.4%
Q2 2021+2.1%+1.9%+3.4%
Q1 2021+1.0%-0.0%-1.8%
Q4 2020-3.9%-7.0%+11.1%
Q3 2020-4.4%-2.5%+27.6%
Q2 2020-3.8%-4.3%-5.4%
Q1 2020+3.8%+6.7%+5.8%
Q4 2019+0.8%-2.5%-12.2%
Q3 2019+1.6%+1.7%+4.6%
Q2 2019+1.5%+4.1%+0.7%
Q1 2019+0.7%+2.5%-1.5%
Q4 2018+2.8%+2.1%+7.3%
Q3 2018+0.3%+1.1%+3.7%
Q2 2018-1.8%-3.2%+0.1%
Q1 2018+1.5%+1.5%+2.7%
Q4 2017-0.9%-1.6%-2.8%
Q3 2017-2.9%-2.4%-5.8%
Q2 2017+4.7%+1.9%-2.8%
Q1 2017+1.7%+0.4%-2.7%
Q4 2016-0.2%-0.1%-3.3%
Q3 2016+0.7%+0.6%+16.0%
Q2 2016+2.1%+0.4%+2.7%
Q1 2016+2.6%
Q4 2015+0.8%
Q3 2015-2.9%
Q2 2015+0.9%
Q1 2015-3.0%
Q4 2014+0.7%
Q3 2014+1.5%
Q2 2014+1.4%
Q1 2014-0.0%
Q4 2013-0.2%
Q3 2013+2.5%
Q2 2013+2.4%
Q1 2013-3.5%
Q4 2012+0.4%
Q3 2012+0.5%
Q2 2012-0.9%
Q1 2012-0.3%
Q4 2010-1.0%
Q4 2011-1.0%
Q3 2011-0.8%
Q2 2011-0.8%
Q1 2010-1.7%
Q1 2011+0.6%
Q4 2008-0.6%
Q4 2009-0.6%
Q3 2009-6.4%
Q3 2010-6.4%
Q2 2009-1.7%
Q2 2010-1.7%

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